While the GIFT cluster appreciates the milestone achieved on the fiscal bill, it’s looks forward to its passage and eventual assent by President Tinubu A coalition of Civil Society Organizations (CSOs) under the banner of the Growth Initiative for Transparency (GIFT) has called on both the House of Representatives and the Senate to expedite the legislative process to amend the Fiscal Responsibility Act (FRA), 2007. The CSOs who made this call in a statement on...
The Train 7 project is a strategic initiative aimed at supporting the diversification of the country’s revenue sources and revenue generation during the energy transition. The Nigeria Liquified Natural Gas (NLNG) Limited has announced that the Train 7 gas project on Bonny Island, Rivers State, has reached 67 percent completion. The company accordingly reassured of its commitment to delivering economic benefits through the completion of the project. The company’s General Manager, External Relations and Sustainable...
South Africa’s parliament re-elected Cyril Ramaphosa for a second term as the country’s president with the help of lawmakers from opposition parties. The President of South Africa, Cyril Ramophosa has been re-elected and inaugurated for a second term as South Africa’s president. The inauguration took place on Wednesday, June 19, 2024 in Pretoria with Chief Justice Raymond Zondo leading Ramaphosa’s oath of office ceremony before lawmakers, foreign dignitaries, religious and traditional leaders. “In the presence...
“I never knew anything about such transactions. Rather I moved a motion of national importance, something I feel because of my interest in the country Nigeria and not for any personal interest.” – Rep. Okafor The above words are excerpts from the statement made by Rep. Dominic Okafor after he was purported to have demanded a 140 million dollars bribe from Binance executives in the ongoing investigation of the cryptocurrency trading platform. The bribe claim…...
PAP’s 3rd Ordinary Session of the 6th Parliament holds from June 24 to July 5, 2024 in South Africa The Pan-African Parliament (PAP), the legislative arm of the African Union (AU), is set to convene the 3rd Ordinary Session of its Sixth Parliament from June 24 to July 5, 2024. The session is scheduled to be held at the Pan-African Parliament Headquarters, Midrand, South Africa. This significant plenary session will align with the AU’s 2024...
While still facing charges on tax evsion as a corporate entity, the executives of Binance been removed from the sheet In a significant legal shift, the Federal Inland Revenue Service (FIRS) of Nigeria has officially dropped all tax charges against Tigran Gambaryan and Nadeem Anjarwalla, executives at Binance. The decision comes as FIRS chooses to pursue legal action directly against Binance, recognizing that the executives are not the decision-makers within the company and should not...
Many protesters against the bill held signs and placards that read, “Do not force the taxes on us,” referring to the President of Kenya, William Ruto as Zakayo, the Swahili name for the biblical tax collector Zacchaeus. Hundreds of Kenyans have gathered in the country’s capital, Nairobi to protest against the Finance Bill 2024. The demonstration, which started on Tuesday, June 18, 2024, about 12:00 p.m, is intended to put pressure on the President of...
President Bola Ahmed Tinubu says he will approve a new minimum wage that the government can afford and send same to the National Assembly for passage. President Bola Ahmed Tinubu says he will approve a new minimum wage that the government can afford and send same to the National Assembly for passage. He stated this on Wednesday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja. “The minimum wage is going...
Adaramodu claims that it would be incorrect to presume that the Senate would take a position on a bill that hasn’t been brought before it for consideration. The Senate’s spokesman, Senator Yemi Adaramodu (APC, Ekiti South), has refuted media reports that the Senate is considering including a clause allowing for the seizure of funds from local and state councils in the New Minimum Wage Bill that the Executive is proposing. Adaramodu disclosed this in a...
“Only 13 which is 2.73% of the total bills originated from the executive arm while 464 which is 97.27% are private member bills.” The 10th Senate has revealed that as of June 11, 2024, it has recorded at least 477 bills which were initiated since the 10th Senate kicked off its activities precisely on June 13, 2023. This is as it disclosed that of this figure, only 25 bills accounting for 5.24% were fully passed...
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